Wed Oct 16 17:24:29 UTC 2024: ## Sunrun’s Target Price Cut by Barclays, But Other Analysts Remain Bullish

**San Francisco, CA -** Solar energy company Sunrun (RUN) saw its target price reduced by Barclays from $19.00 to $18.00, indicating a potential upside of 17.57% from its previous close. Despite the lowered target, Barclays maintains an “Equal Weight” rating on the stock.

This move comes amidst a mixed bag of analyst opinions on Sunrun. While Susquehanna lowered its price objective from $24.00 to $23.00, they remain positive on the company’s prospects. Meanwhile, JPMorgan Chase & Co. and Oppenheimer both raised their price targets to $22.00, giving Sunrun an “Overweight” and “Outperform” rating, respectively.

Truist Financial, however, maintained a “Hold” rating while raising its target price to $18.00, aligning with Barclays’ recent assessment. StockNews.com took a more bearish stance, downgrading Sunrun to a “Sell” rating.

Overall, analysts remain cautiously optimistic about Sunrun, with a consensus rating of “Moderate Buy” and an average target price of $22.45 according to MarketBeat.com.

**Sunrun’s recent earnings report showed a beat on EPS, but revenue declined year-over-year.** The company reported $0.55 EPS for the quarter, exceeding analyst estimates by $0.88, while revenue came in at $523.87 million, slightly below analyst forecasts.

**Insider trading activity has been mixed,** with CEO Mary Powell selling 2,148 shares and Jeanna Steele selling a total of 48,322 shares in recent transactions.

**Institutional investors remain invested in Sunrun,** with Vanguard Group Inc., Greenvale Capital LLP, Dimensional Fund Advisors LP, Handelsbanken Fonder AB, and Sylebra Capital LLC all increasing or initiating positions in the company’s stock.

Sunrun continues to focus on residential solar energy systems, battery storage, and expanding into commercial markets.

**Disclaimer:** This news article is based on information provided by MarketBeat and does not constitute financial advice.

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